SMH.L is trading at $101.30 (-5.39%) amid a sector-wide semiconductor selloff as investors reassess returns on heavy AI infrastructure spending following recent earnings from large tech names.
- The ETF tracks the MVIS US Listed Semiconductor 25 Index, causing weakness in chip sentiment to transmit quickly across the fund's holdings.
- Broader market tone remains mixed, with risk appetite pressured by concerns over tariffs, higher yields, and geopolitical headlines.
- The current backdrop has kept significant pressure on growth and chip shares as the market recalibrates expectations for the semiconductor industry.